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NEW YORK CITY - Exponential Interactive®, an online media services firm, has more than doubled its space at 1359 Broadway less than a year after signing its original lease, announces Michael Frantz, director of Newmark Knight Frank, the building’s managing and leasing agent.
The new unit, on the 15th floor, totals approximately 5,000 square feet.
"This expansion demonstrates W&H Properties' ability to accommodate tenants' changing space requirements," says Mr. Frantz.
Kyle Miller of NAI New York City represented Exponential Interactive in the original transaction and expansion. Mr. Frantz represented the landlord, together with Brian Waterman of Newmark Knight Frank.
Located in the heart of the Penn Plaza District at 36th Street, 1359 Broadway enjoys convenient access to the Long Island Rail Road, New Jersey Transit, and Amtrak at Penn Station, the Port Authority Bus Terminal, the PATH and fifteen subway lines.
The property, which recently won the Building Owners Association (BOMA) building of the year award, recently completed $54 million in upgrades, including a noteworthy ceiling restoration; a new lobby; new windows; new restrooms; a new HVAC system; upgraded electrical systems; newer, faster elevator operating systems; new elevator cabs; and refurbished air-conditioned public corridors. The high-end pre-built program, one component of the upgrades, provides tenants with new, clean spaces in move-in condition. These spaces, which are ready for immediate occupancy, feature new ceilings, lighting, and flooring in highly efficient layouts.
Available space at 1359 ranges from pre-built units of approximately 2,500 square feet to a full floor of 24,213 square feet.
Part of the W&H Properties portfolio, 1359 Broadway is owned by Marlboro Building Associates LLC, a partnership led by Peter L. Malkin and Anthony E. Malkin.
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